A Study of the Act Governing the Issuance of Electronic Stored Card: Financial Security and Consumer Protection Perspectives

• Main Authors: Guo-Hao Wu, 巫國豪
• Other Authors: Yao-Kuo Chiang
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/55229414668530548365

碩士 === 元智大學 === 資訊社會學研究所 === 98 === In 2009, Taiwan passed the Act Governing the Issuance of Electronic Stored Card (The Act). Apart from former regulations that only banks can issue electronic money, the Act allows institutions other than banks to issue stored value cards. In other words, non-bank institutions may, via operation of the Act, receive funds from the public. It may produce an impact to the financial market. The thesis is concerned about financial security and consumer protection issues of electronic stored card arising after the Act. It is hoped that the thesis will provide a good analysis of the Act from those perspectives. Regulatory regimes of electronic money in Hong-Kong, United Kingdom and United State are studied and compared in the thesis. After the comparison, my thesis provides the following findings and suggestions. First, with respect to the financial security issue, the U.K. and Hong Kong law are more comprehensive. It is because, in these two territories, e-money issuing institutions are considered as banks and regulated in a more rigid way in regard to financial security. Second, regarding to the customer protection issue, it is recommended in the thesis that funds prepaid for electronic stored cared be eligible for deposit insurance. It will bring more protection to the consumer.